APPLIED ASPECTS OF IMPROVING THE MANAGEMENT OF FINANCIAL RISK IN THE CONTEXT OF ENSURING THE ECONOMIC SECURITY OF THE ENTERPRISE
The relevance of the research topic is due to the applied nature of scientific research, the target of which was to concretize and approbate certain analytical aspects of a methodical approach to managing the financial risk of a particular enterprise in the context of ensuring its economic security. Achieving the goal of the study was based on the methodology of economic theory through the implementation of such scientific approaches and methods as a process approach, methods of systems management, logical and econometric analysis and modeling. The scientific approach to solve the problem under study is reflected in the structure and content of the article, which considers the methodical approach of managing the financial risk of the enterprise; presents the mechanism adapting the integrated financial risk assessment model to the specifics of a particular enterprise; shows the capabilities of the considered model as an effective tool for making management decisions to reduce the level of financial risk and ensure the economic security of the enterprise.
Keywords: economic security of the enterprise, financial risk, management, methodical approach, capital structure, liquidity, business activity, profitability, integral assessment, approbation.
Highlights:
a financial risk is considered as an economic security category of the enterprise;
an approach of managing the financial risk of the enterprise is considered. This approach forms the basis for a comprehensive assessment of the financial risk of the enterprise to produce plastic disposable tableware and to develop a system of measures reducing this risk;
a sequence of priorities is established that must be observed in managing the financial activities of the enterprise that has become the basis of the study in order to neutralize (minimize) financial risks and increase its economic security level;
the effectiveness of the model for assessing the financial risk of the enterprise as an instrument of its management in the context of ensuring economic security is shown.
Natalia N. Yarkina, Doctor of Economics, Professor of Kerch State Marine Technological University.